KUALA LUMPUR (March 9): Industry experts have questioned the absence of direct evidence against Sime Darby Plantation Bhd (SDP) on unsubstantiated forced-labour allegations, according to a report by Asia Times today.
The news portal added that pressure is mounting on US officials to provide evidence to support a ban slapped on SDP, one of the world s largest producers of sustainable palm oil, after the US Customs and Border Protection (CBP) issued a Withhold Release Order (WRO) last year following information supplied by anti-trafficking group Liberty Shared.
Accordng to the report, industry experts highlighted the lack of details of interviews with workers the non-governmental organisation had purportedly conducted, as well as dates, names or specific locations to back up its claims.
Eurocham monitoring FGV and Sime Darby Plantation s ban by US Customs & Border Protection theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Sime Darby Plantation sets up commission to evaluate its labour practices 02 Mar 2021 / 09:30 H.
PETALING JAYA: Sime Darby Plantation Bhd (SDP) has established an expert stakeholder human rights assessment commission and has appointed ethical trade consultant, Impactt Ltd as its third-party assessor, to conduct a comprehensive evaluation of SDP’s labour practices across its Malaysian operations.
It stated that the consultant has expertise in detecting and remediating forced labour issues in supply chains in line with the International Labour Organization’s (ILO) 11 indicators of forced labour.
The panel is also expected to review whether or not forced labour indicators are detected within SDP’s operations, and if there are any, to determine how prevalent the issue is.
KUALA LUMPUR (March 1): Based on corporate announcements and news flow today, companies in focus on Tuesday (March 2) may include AMMB Holdings Bhd, HeiTech Padu Bhd, Pharmaniaga Bhd, Top Glove Corp Bhd, Advancon Holdings Bhd, Sime Darby Plantation Bhd and Uzma Bhd.
AMMB Holdings Bhd’s net profit for the third quarter ended Dec 31, 2020 (3QFY21) fell 30.96% to RM263.83 million from RM382.15 million a year ago, due to higher allowance for impairment on loans, advances and financing. The banking group’s quarterly revenue also slipped 11.81% to RM2.09 billion, from RM2.37 billion a year ago, its filing to Bursa Malaysia showed. AMMB did not declare any dividend for the latest quarter.